|
<br />-8-
<br />The following table provides a condensed version of the Statement of Activities for the year ended
<br />December 31, 2020, with comparative amounts for the year ended December 31, 2019:
<br />
<br />2020 2019 2020 2019 2020 2019
<br />Revenues
<br />Program revenues
<br />Charges for services 647,552$ 1,179,448$ 5,201,133$ 5,170,402$ 5,848,685$ 6,349,850$
<br />Operating grants and contributions 409,403 347,823 25,365 24,752 434,768 372,575
<br />Capital grants and contributions 634,369 613,263 60,661 332,092 695,030 945,355
<br />General revenues
<br />Property taxes 4,100,177 3,793,754 – – 4,100,177 3,793,754
<br />Tax increment collections 273,043 388,697 – – 273,043 388,697
<br />Franchise taxes 101,057 100,464 – – 101,057 100,464
<br />Unrestricted grants and contributions 745,040 – – – 745,040 –
<br />Unrestricted investment earnings 348,886 322,346 68,781 53,680 417,667 376,026
<br />Gain on sale of capital assets 17,500 – – – 17,500 –
<br />Total revenues 7,277,027 6,745,795 5,355,940 5,580,926 12,632,967 12,326,721
<br />Expenses
<br />General government 1,460,627 1,337,262 – – 1,460,627 1,337,262
<br />Public safety 2,737,348 2,471,567 – – 2,737,348 2,471,567
<br />Public works 1,267,480 1,416,785 – – 1,267,480 1,416,785
<br />Parks and recreation 634,195 798,717 – – 634,195 798,717
<br />Economic development 480,307 369,256 – – 480,307 369,256
<br />Water – – 1,996,083 2,295,820 1,996,083 2,295,820
<br />Sewer – – 1,665,146 1,663,498 1,665,146 1,663,498
<br />Surface water management – – 546,365 513,209 546,365 513,209
<br />Recycling – – 139,840 172,232 139,840 172,232
<br />Total expenses 6,579,957 6,393,587 4,347,434 4,644,759 10,927,391 11,038,346
<br />Increase (decrease) in net position
<br /> before transfers 697,070 352,208 1,008,506 936,167 1,705,576 1,288,375
<br />Transfers 237,000 83,402 (237,000) (83,402) – –
<br />Increase in net position 934,070 435,610 771,506 852,765 1,705,576 1,288,375
<br />Net position – beginning 37,155,942 36,720,332 19,477,949 18,625,184 56,633,891 55,345,516
<br />Net position – ending 38,090,012$ 37,155,942$ 20,249,455$ 19,477,949$ 58,339,467$ 56,633,891$
<br />Activities Activities Total
<br />Table 2
<br />Changes in Net Position
<br />Years Ended December 31, 2020 and 2019
<br />Governmental Business-Type
<br />
<br />
<br />Governmental Activities – Current year operating results of governmental activities increased net
<br />position by $934,070, compared to an increase of $435,610 in the prior year. The change from the prior
<br />year was mainly due to an increase in unrestricted grants and contributions. The City recognized more
<br />unrestricted grants and contributions with coronavirus relief funds received in the current year for
<br />COVID-19-related expenses.
<br />
<br />Business-Type Activities – Current year operating results of business-type activities increased net
<br />position by $771,506, due to positive results of the utility operations of the City. Program revenues
<br />exceeded program expenses for each of the City’s business-type activities.
|